Otherwise engage in any act, practice, or course of business that is fraudulent, deceptive, or manipulative with respect to any investor or prospectiveinvestor in the pooled investment vehicle.
Think of investors doing due-diligence as the most thorough stalking job you could imagine, one prospective angel investor joked to me over lunch at Pipeline.
Jonathan Harris, president of Alternative Investment Management LLC, a New York-based investment-management firm that allocates money to hedge funds, says he asks prospective fund managers to break out the list of expenses listed in the investor documents.